Objectives You will be able to define the following: supply, demand, inferior good, normal good, substitute, complement, law of supply, and law of demand. You will be able to distinguish between changes in demand and supply and changes in quantity demanded or supplied. Students will be able to predict how external forces impact supply and demand curves and equilibrium quantity and price. Supply and Demand Curves for Jelly Donuts What you will do Identify the factors that affect the supply, demand, and corresponding price of a product. What you will need One handout: Jelly Donuts Fundraiser How you will do it 1. Using the worksheet Jelly Donuts Fundraiser, imagine that the sale of jelly donuts is a class fundraiser. Review the figures from the Market Survey section of the worksheet. 2. Complete the Supply and Demand Graph on the worksheet and respond to the questions. Submit your completed worksheet to your instructor